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Commerce and Economy

Prabhu Bank’s new branch office at Syafrubeshi

Prabhu Bank Ltd has opened its new branch office at Syfrubeshi of Rasuwa. Issuing a statement, the commercial bank said that the branch office located near the Nepal-China custom point was inaugurated by Nepal Rastra Bank’s Executive Director Narayan Prasad Paudel amid a ceremony held on Monday. According to the …

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MoU signed between Himalayan Bank and Sejon

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Himalayan Bank Limited (HBL) and the Society of Economic Journalist of Nepal (Sejon) have signed a Memorandum of Understanding (MoU) to provide annual “HBL Sejon Economic Journalism Fellowship to encourage journalist in in-depth reporting on economic issues. Himalayan CEO Ashoke Rana and Sejon President Gokarna Awasthi signed the MoU on …

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State-own DDC also cheats consumers

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By Our Reporter While almost all businessmen are found cheating the consumers in one way or another, the state-owned Dairy Development Corporation (DDC) was also found cheating the consumers by supplying less amount of milk than the exact amount in each packet . During a monitoring, the Nepal Bureau of …

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Money Maximization Scheme form Sanima Bank

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Sanima Bank has introduced ‘Sanima Money Maximization Scheme’. Issuing a statement on Monday, the commercial bank said that the scheme allows new and existing customers to make online request for transfer of fund from savings account to fixed deposit account through e-account portal from anywhere. “It is a yearlong Individual …

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Private companies can start their own petroleum business after two years

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Ending Nepal Oil Corporation’s monopoly in petroleum trading, the government has issued permanent license to 11 private companies which allows them to do petroleum business in Nepal. The government recently issued such license to 10 companies. Malika Petroleum Pvt Ltd had received license for petroleum trading last year. These companies …

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FNCCI’s protest against power tariffs hike

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Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has expressed its “deep concern” about the Nepal Electricity Authority (NEA)’s decision to hike the electricity tariffs. It has demanded the government to immediately roll back its decision. The Electricity Tariff Fixation Commission (ETFC) two weeks ago had hiked the rate …

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CBIL acquires Premier Finance

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Citizens Bank International Ltd (CBIL) has acquired Premier Finance Co Ltd. Issuing a statement, the commercial bank said that the joint operation of the bank following the acquisition kicked off on Sunday. Earlier, the commercial bank had snapped up Nepal Housing and Merchant Finance Ltd and People’s Finance Ltd.  Following …

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Honey guide launches trekking app

Honey Guide has launched a mobile application ‘Trekking in Nepal’. The app features three popular trekking trails of the country – Everest Base Camp, Annapurna Base Camp and, Ghorepani-Poon Hill. Issuing a press statement, HoneyGuide said the mobile app intends to keep travellers safe and engaged and guides trekkers in …

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Bajaj V out on Kathmandu roads

HH Bajaj, the authorised dealer for Bajaj motorcycles in Nepal, launched the Bajaj V in a bid to consolidate its market share. “The Baja V will help us to consolidate our market presence while creating a separate new segment different from the Pulsar and Discover bikes,” said Punam Singh, marketing …

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Frost and Sullivan to host Webinar

Nepal situated in the lap of the Himalayas is now steadily poised for a new wave of socio-economic and industrial growth.Frost & Sullivan’s Emerging Market Innovation team is hosting a webinar that will have a panel of experts assess the country’s economic and industrial growth potential and highlight national priorities …

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